How do I set-up an overseas business in the UK?
Here are some of the key issues to consider to increase the likelihood of a successful business expansion to the UK.
What filing dates do a UK business need to meet?
UK business key filing dates:
Annual financial statements must be filed within 9 months of the end of the financial year. A corporate tax return must be filed within 12 months of the end of the financial year of the UK business. Although, any corporation tax due is actually paid 9 months after the year-end.
VAT returns are prepared normally quarterly and filed electronically under the TD (Making Tax Digital) system. 1 calendar month and 7 days are the end of the relevant VAT quarter. Any VAT due must be paid within the same timeframe.
Read more about how we support International industry at every stage of Entering the UK Market business journey. As always, please feel free to get in touch with me to discuss your own business situation.
Gerry Collins
Further Reading
You may also find the information in these articles useful for the stage of your business
Are there any critical timing issues to consider when setting up a business in the UK?
If you’re making plans for your business to enter the UK market, there are critical timing issues for you to consider from the start.
Are there any financial audit obligations for a new UK entity?
After choosing your legal entity and agreeing your corporate structure, it’s time to get to create a tax, audit and compliance environment.
Are there any import implications of Brexit that I need to consider?
For businesses importing goods and services to the UK market, here is a summary of the Brexit implications to consider.
How do I start a business in the UK?
Setting up a business is an exciting time for anyone but, for a lot of people, it’s also a bit scary knowing where to start and can be fraught with questions.
What are the admin procedures for running a UK business payroll?
For businesses entering the UK market, here is a summary of the admin procedures to run a UK payroll.
What tax registrations do I need to consider when starting up a UK business?
If you’re making plans for your business to enter the UK market, there are three main tax registrations for you to consider.
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